Multinationals do it better: Evidence on the efficiency of corporations' capital budgeting

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Multinationals do it better: Evidence on the efficiency of corporations' capital budgeting

With U.S. multinational enterprises playing increasingly important roles in the global economy, it is important to understand the efficiency of their capital budgeting decisions. We examine an unbalanced panel of 332 U.S. firms from 1992-2000. Using the deviation of a firm's estimated marginal...

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Bibliographic Details
Main Authors:	Greene, William, Hornstein, A., White, L.
Format:	Journal Article
Published:	Elsevier 2009
Online Access:	http://hdl.handle.net/20.500.11937/34830

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